Tackling competitiveness: looking beyond bureaucracy

The one where I talk about competitiveness, again. Although we should give kudos to improvements in the bureaucratic side of doing business, we need to also look beyond towards other challenges. Specifically, on driving reforms down towards the state and local governments (hat tip to the NCCN subnational competitiveness index), and towards other factors that count… Continue reading Tackling competitiveness: looking beyond bureaucracy

Markups and Concentration in South African Manufacturing Sectors

New publication in the South African Journal of Economics with Johannes Fedderke and Nicola Viegi. The result of months working with administrative tax data. Abstract: This paper uses newly available firm-level tax data to evaluate the market structure in South African manufacturing sectors in the period 2010–2012. To describe the market structure, we compute markups… Continue reading Markups and Concentration in South African Manufacturing Sectors

Are foreign loans cheaper + Is increasing taxes always desirable

Just two quick thoughts that have been in my head recently. First, one of the reasons touted by the finance minister for the attempt to switch to external debt is that it is cheaper. On the surface it does seem cheaper. Domestic bonds had yields of between 14 and 16 percent as at last week… Continue reading Are foreign loans cheaper + Is increasing taxes always desirable

On IPOB and destructive tactics

Quoting a book i’m currently reading: “In a way, [IPOB] is like a fly that tries to destroy a china shop. The fly is so small and weak. It cannot move even a single teacup. So how does a fly destroy a china shop? The fly finds a bull, gets into the ear of the… Continue reading On IPOB and destructive tactics